ALB - Lithium Miners News For The Month Of March 2024
2024-03-26 10:22:06 ET
Summary
- Lithium prices were significantly higher the past month.
- Lithium market news - Global lithium producer SQM signals price rout has ended. Lithium permit freeze limited to new projects, Argentina Province says.
- Lithium company news - Albemarle proposes a $1.75 billion depositary share offering, sets lithium auction plans. SQM expands into lithium glut in bet that buyers will return.
- Arcadium Lithium 2024 outlook highlighted by a 40% increase in Lithium Carbonate and Hydroxide volumes. Pilbara Minerals signs Offtake agreement with Yahua and to commence joint FS with Ganfeng on a ~32ktpa downstream lithium conversion plant.
- Mineral Resources buys nickel concentrator to process lithium.
Welcome to the March 2024 edition of the lithium miner news.
The past month saw a strong recovery in lithium prices suggesting the lithium price bear market may be over. For example, China spot lithium carbonate prices have increased by 19.9% in the past month, bouncing higher from the mid-February low.
Lithium price news
Asian Metal reported during the past 30 days, the China delivered lithium carbonate (99.5% min.) spot price was up 6.92% and the China lithium hydroxide (56.5% min.) price was up 14.13% . The Lithium Iron Phosphate (3.9% min) price was up 4.93% . The Spodumene (6% min) price was up 12.18% over the past 30 days....
Lithium Miners News For The Month Of March 2024